At the end of the third quarter, Freddie’s net assets were $68 billion, and its total mortgage portfolio was $3.6 trillion.
“In the third quarter, Freddie Mac earned $2.8 billion in net revenues on $5.7 billion [net] revenue as we worked to restore the American Dream for families across the country,” said Bill Pulte, executive director of the Federal Agency for Housing Financing – Freddie Mac’s regulator – in a statement. “In doing so, we’ve helped 483,000 Americans buy, refinance or rent a home, including 106,000 first-time homebuyers. But we don’t rely on these results. The country needs more supply, and we’re looking closely at ways to build more homes in both the multifamily and single-family markets.”
Net profit, which fell 2% year over year, was mainly due to lower non-interest income, Freddie Mac said.
In total, the GSE helped finance 288,000 mortgages, up from 264,000 mortgages in the second quarter of 2025, with 54% of eligible loans affordable to low- and moderate-income families. It also financed 195,000 rental units, up from 99,000 in the second quarter of 2025, of which 92% were units eligible to be affordable to low- and moderate-income families.
First-time homebuyers represented 50% of new loans for single-family home purchases, up from 53% in the second quarter of 2025.
During the earnings call, executive vice president and chief financial officer Jim Whitlinger said Freddie “facilitated the flow of more than $124 billion in liquidity into the U.S. housing market,” up from $106 billion in the previous quarter.
The $18 billion in additional liquidity drove a 33% increase in the number of American families we help buy, refinance or rent a home,” he added.
During the call, Whitlinger highlighted Freddie Mac’s efforts to support affordable housing, including taking advantage of a higher equity cap for the Low Income Housing Tax Credit (LIHTC). Since 2018, Freddie Mac has invested more than $5 billion in the program, supporting the construction or renovation of 33,000 affordable rental units.
The company also reported steady progress in digital mortgage technology, citing recent upgrades to its suite of tools for lenders that have reduced costs per loan by an average of $1,700, which is $200 more in savings compared to two years ago.
Statistics for single-family and multi-family homes
Freddie Mac’s single-family net income for the quarter was $2.3 billion, down 9% from last year but up from last quarter’s $2.1 billion. Single-family mortgage volume grew 2% year over year to $3.1 trillion.
The provision for credit losses totaled $118 million, primarily due to the acquisition of new loans.
In the multifamily sector, net income fell 20% year over year to $426 million. The segment expanded new business to $25 billion in the quarter, compared to $12 billion in the previous quarter. Multifamily mortgage ownership grew to $480 billion.
Net interest income for the third quarter was $5.5 billion, up $456 million or 9% year over year.
“The primary driver for the increase was higher guaranteed net interest income, driven by continued growth in the single-family mortgage portfolio, which increased 2% year over year. Additionally, a change in strategy among multifamily companies resulted in increased volume of fully guaranteed securitization,” Whitlinger said.
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